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Which of the statements below is FALSE? Select one: a
Which of the statements below is FALSE?
Select one:
a. The debt ratio basically tells us the amount in debt for every dollar of assets.
b. The cash coverage ratio is EBIT plus depreciation divided by interest expense.
c. Times interest earned equals EBIT divided by interest expense.
d. The times interest earned ratio tells us the number of times a company has resorted to debt financing over the year.
Expert Solution
The correct option is D "The times interest earned ratio tells us the number of times a company has resorted to debt financing over the year".
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